White House trade advisor and tariff lover, Peter Navarro is on the wires saying:
India tariffs will likely be doubled on August 27.India does want to recognize its role in the Ukraine Russian bloodshedCalls India a laundromat for the KremlinIndia purchases Russian oil, and then resells the discounted oil for a nice profit. It keeps funds flowing into Russia, which allows for the growth in their economy, and the funding of the war effort in Ukraine. As a result, this tariff is probably one of the more justified.
However there may be some carveouts including Apple iPhones. Apple moved a lot of their production from China to India which further complicates the calculus..
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about navorro see s doubling of india tariffs taking place on august 27 was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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